ANI
11 Jun 2021, 13:25 GMT+10
Mumbai (Maharashtra) [India], June 11 (ANI): The board of directors at private sector lender Yes Bank has approved seeking shareholders' nod for raising up to Rs 10,000 crore in Indian or foreign currency by issuing debt securities, including but not limited to non-convertible debentures, bonds and medium-term notes.
In the January to March quarter, the crisis-hit lender reported a standalone net loss of Rs 3,788 crore as against a net loss of Rs 3,668 crore in the year-ago period.
On the asset front, the bank's gross non-performing assets (NPAs) as of March 31 stood at 15.41 per cent of gross advances, marginally down from 16.8 per cent in the year-ago period. However, net NPAs rose to 5.88 per cent from 5.03 per cent.
For the full 2020-21 fiscal, the bank narrowed its net loss to Rs 3,462 crore from a loss of Rs 16,418 crore in the previous year.
At the end of March quarter, the lender had a capital adequacy ratio of 17.5 per cent compared to 19.6 per cent as of December 31 with common equity tier-1 ratio of 11.2 per cent at the end of the last fiscal (FY21) as compared with 13.1 per cent in Q3 FY21.
On March 5 last year, the Reserve Bank of India (RBI) had placed Yes Bank under a moratorium and appointed Prashant Kumar as the new CEO and Managing Director.
According to RBI-backed rescue plan, State Bank of India acquired up to 49 per cent stake in Yes Bank. HDFC and ICICI Bank infused Rs 1,000 crore each, Axis Bank Rs 600 crore and Kotak Mahindra Bank Rs 500 crore. (ANI)Get a daily dose of Zimbabwe Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Zimbabwe Star.
More InformationMADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
Abu Dhabi [UAE], July 5 (ANI/WAM): President Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President...
Birmingham [UK], July 5 (ANI): KL Rahul continued his fine overseas run in Test cricket, becoming only the second Indian opener after...
* China's first LEGOLAND resort opened on Saturday in Shanghai. * Spanning 318,000 square meters, LEGOLAND Shanghai Resort is the...
Worcester [UK], July 5 (ANI): India's 14-year-old batting sensation Vaibhav Suryavanshi cracked the fastest century in the U19 ODI...
Thiruvananthapuram (Kerala) [India], July 5 (ANI): Indian wicketkeeper-batter Sanju Samson made a record-breaking return to the Kerala...
* In recent years, BRICS has transformed into a major force fostering cooperation among Global South nations. This collaboration not...